Insteel Industries Inc reports results for the quarter ended in June - Earnings Summary

Insteel Industries

22/07/2021 13:47

* Insteel Industries Inc  IIIN.N  reported quarterly adjusted
earnings of $1.00​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was
for earnings of 76 cents per share.
* Revenue rose 31.8% to $160.74 million from a year ago; 
analysts expected $154.97 million. 
* The mean earnings estimate of analysts had risen by
about 40.7% in the last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Insteel Industries Inc shares had risen by 4.3% this
quarter and gained 50.6% so far this year.
* The company reported quarterly net income of $18.4 million.
* Wall Street's median 12-month price target for Insteel
Industries Inc is $35.50 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated July 22 at 12:47 p.m.  ​All
figures in US dollars unless otherwise stated